PowerSchool (NYSE:PWSC) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of PowerSchool (NYSE:PWSC) in a research report released on Friday, Benzinga reports. The firm currently has a $26.00 target price on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their target price on shares of PowerSchool from $24.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, August 8th. Credit Suisse Group boosted their target price on shares of PowerSchool from $27.00 to $29.00 and gave the stock an outperform rating in a research report on Tuesday, August 8th. Raymond James boosted their target price on shares of PowerSchool from $23.00 to $25.00 and gave the stock an outperform rating in a research report on Tuesday, August 8th. Piper Sandler reaffirmed an overweight rating and set a $27.00 price objective on shares of PowerSchool in a research report on Tuesday, August 8th. Finally, TheStreet raised shares of PowerSchool from a d rating to a c rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $27.55.

PowerSchool Trading Down 1.8 %

Shares of NYSE:PWSC opened at $22.38 on Friday. The stock has a market capitalization of $4.50 billion, a PE ratio of -172.15 and a beta of 0.95. PowerSchool has a 1 year low of $15.60 and a 1 year high of $26.05. The firm has a fifty day moving average price of $22.19 and a 200 day moving average price of $20.22. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $173.90 million during the quarter, compared to analysts’ expectations of $171.28 million. PowerSchool had a negative net margin of 2.92% and a positive return on equity of 7.17%. Analysts expect that PowerSchool will post 0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other PowerSchool news, CTO Devendra Singh sold 2,490 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $19.01, for a total transaction of $47,334.90. Following the sale, the chief technology officer now directly owns 200,623,713 shares of the company’s stock, valued at $3,813,856,784.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CTO Devendra Singh sold 2,490 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $19.01, for a total transaction of $47,334.90. Following the sale, the chief technology officer now directly owns 200,623,713 shares of the company’s stock, valued at $3,813,856,784.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Angelina Hendraka sold 3,657 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $22.76, for a total transaction of $83,233.32. Following the sale, the chief accounting officer now directly owns 124,687 shares in the company, valued at $2,837,876.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,759 shares of company stock valued at $1,441,039. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PowerSchool

Large investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its holdings in PowerSchool by 144.2% in the fourth quarter. First Trust Advisors LP now owns 386,441 shares of the company’s stock valued at $8,919,000 after buying an additional 228,217 shares during the period. Dark Forest Capital Management LP acquired a new position in PowerSchool in the first quarter valued at approximately $106,000. Dakota Wealth Management lifted its holdings in PowerSchool by 15.1% in the first quarter. Dakota Wealth Management now owns 11,407 shares of the company’s stock valued at $226,000 after buying an additional 1,493 shares during the period. Triodos Investment Management BV lifted its holdings in PowerSchool by 16.7% in the first quarter. Triodos Investment Management BV now owns 70,000 shares of the company’s stock valued at $1,387,000 after buying an additional 10,000 shares during the period. Finally, Nomura Asset Management Co. Ltd. acquired a new position in PowerSchool in the first quarter valued at approximately $106,000. 65.29% of the stock is currently owned by institutional investors and hedge funds.

PowerSchool Company Profile

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.